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tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. >> did he, john, miss an opportunity to go further with the banks there? >> i mean, that was one of i think president obama's better lines in the debate because he was calling out in a limited way and halting way all of a sudden mitt romney saying that the problem with the dodd-frank was that it was a big kiss to the new york banks which is itself a surreal etch-a-sketch moment. the president
tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big...
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because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he believes that the government should tell you what kind of insurance you have to have. he believes that government should have a board of people that tell you what kind of care you can receive. my view is we fight for freedom in this country, i do not want an intrusive massive larger debt spending government that crushes the american dream. >> they like to call it obama care, well, let me tell you, i do care. i care about all the young people who are able to stay on their parents' plans now. i care about the seniors who are seeing lower prescription drug costs. i care about folks
because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he...
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plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself sound more centrist. ali velshi is here to make sense of what we heard last night. >> right. >> the first question on the tax cut proposal. the president is saying he's flip flopping. is he proposing $5 trillion in tax cuts? >> so this is a tricky one. what mitt romney is saying is he wants to reduce taxes across the board in every category. wherever you are coming down 20%. if you don't figure out where you're going to make up the taxes from, if you take 20% less from everybody it's over 10 years a $4.9 trillion loss and overstating it a little bit but there's a study that's been done and
plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself...
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nobody knows what their tax rate will be. so companies who can put off hiring are putting it off. >> if you were to advise the romney camp because they're counting on stumping on the bad economy, bad job growth, all of that, what would you advise them right now? would they need to recraft their message? stay away from it? how do they capitalize on their message and at the same time, not contradict what the latest numbers and indicators are saying? >> well, mitt romney is right when he says the economy is not recovering enough, but i think he's got a problem which is that when people sort of intuitively feel things getting better and they hear a candidate who keeps saying things are not getting better. things are not getting better fast enough. he comes off as a gloomy gus. so i think the best thing romney can probably do is we know he's going to continue telling us what's wrong with the economy. he's generally right about that. he should start talking about some of the positive proactive things he plans to do to really reinvi
nobody knows what their tax rate will be. so companies who can put off hiring are putting it off. >> if you were to advise the romney camp because they're counting on stumping on the bad economy, bad job growth, all of that, what would you advise them right now? would they need to recraft their message? stay away from it? how do they capitalize on their message and at the same time, not contradict what the latest numbers and indicators are saying? >> well, mitt romney is right when...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private...
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moreover the next six weeks, and over and over again, you will hear my opponents talking about how bigger tax cuts and fewer regulations and that's the way to go, and since government can't do anything, it should do almost nothing. if you can't afford health care, then hope you don't get sick is their theory. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all of our problems, but government is not the source of all of our problems, either. there's stuff we can do together. instead of blaming, immigrants, unions or gays or somebody for what is going on, what we need to do is pull together. we're all in this together. we believe that america only works when we all accept responsibility for ourselves and for our each other. that's how we create -- >> mr. obama will be on the road through wednesday's first presidential debate. mitt romney heads to colorado tomorrow where he will hold a rally and continue his preparations for wednesday's showdown in denver. he went to church this morning outside boston but held
moreover the next six weeks, and over and over again, you will hear my opponents talking about how bigger tax cuts and fewer regulations and that's the way to go, and since government can't do anything, it should do almost nothing. if you can't afford health care, then hope you don't get sick is their theory. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all of our problems, but government is not the source...
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax added up to well over 50% of what they earned. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles-simpson, by the way. lower the exemptions to create more jobs because there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim, you may want to move on to another topic, but i would just say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense over ten years, that's more than our entire defense budget, and you think
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax added up to well over 50% of what they earned. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles-simpson, by the way....
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> he is part evel knievel, part john glen, and a wee bit of christopher columbus, exploring territory and pushing physical limits to a place no man has ever gone before. his name is felix baumgartner. there he is, and if you don't know him, you should. here he is practicing for a jump, a jump from the edge of the stratosphere. he's going to attempt today to become the first person to break the sound barrier with his body and to jump from no place that anyone has ever jumped before. our meteorologist chad myers is so excited and cnn's brian todd also excited. both on this story for us. i want to start with you, brian todd, in roswell, new mexico. we've had a delay this morning because of some weather concerns, but i'm hearing that the balloon is now officially being unloaded, unfolded. i think that might be
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> he is part evel knievel, part john glen, and a wee bit of christopher columbus, exploring territory and pushing physical limits to a place no man has ever gone before. his name is felix baumgartner. there...
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the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would ta me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income is subject to taxation so you can lower tax rates. that's where we begin. where we go is by denying those deductions and loopholes to higher income people, which allows us to lower tax rates for everybody across the board and still afford important preferences for the middle class taxpayers. >> there you have paul ryan on taxes. we expect some of the comments to pop up come wednesday night during the debate in denver, the very first presidential debate here of this election season. and i want to go to chief white house correspondent jessica yelli
the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would ta me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income is...
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eastern time. >>> preaching politics from the pulpit, p if it happens churche risk losing tax-exempt status. many religious leaders across the country challenge the law anyway. find out why. he delicious sugar-free vitafusion fiber well gummies have more fiber than other leading brands. they're the better way to enjoy your fiber. . >>> they're calling for the defate of president obama and so-called unbiblical candidates. organizers hoped as many as 1500 pastors across the country would take part today. dan gilgoff joins us from washington to tell us more about what's happening here. dan, who is behind this, and what causes a candidate to be defined as "unbiblical" say some of the pastors? >> there's a conservative evangelical group called alliance defending freedom that organized the event today. what's really kind of incredible about it is this the third year they are challenging pastors to speak out for or against political candidates. what started a few dozen churches participated. this year today there were 1400 pastors who say they are participating. of course, the other big thi
eastern time. >>> preaching politics from the pulpit, p if it happens churche risk losing tax-exempt status. many religious leaders across the country challenge the law anyway. find out why. he delicious sugar-free vitafusion fiber well gummies have more fiber than other leading brands. they're the better way to enjoy your fiber. . >>> they're calling for the defate of president obama and so-called unbiblical candidates. organizers hoped as many as 1500 pastors across the...
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the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect anything to happen until after the election on november 6th. it's going to come down the wire. the big worry is that we could go into a recession if congress doesn't get their act together in time. >> even if we don't fall off a fiscal cliff, there's a chance that at least some of the tax increases will go into effect. >> exactly. some taxes could still go up even if congress avoid a full fiscal cliff. a good example is the payroll tax credit. expect that to expire no matter what. the reality is there's no champion behind it. the white ho
the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect...
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the payroll tax holiday, that would expire, the health reform taxes, those would kick in. guess what? it would all mean less money in our wallets. carol? >> wow. well, you have to think that when congress looks at those numbers, lawmakers would get together and sing for the good of the american taxpayer. >> well, you know what? they're certainly not doing it before election day, don't count on that, but there is good news. that cnn money asked 17 economists, what do you think? do you think congress will get a deal done in time? and that's unanimous. all 17 said yes. they don't think we're going to go over the fiscal cliff meaning everything all at once won't happen. not to say that little pieces of it won't go away. but remember, this is just a guess. those economists, they're putting a whole heck of a lot of faith in congress. that's taking a leap. and as i said, nothing's expected to happen until after november 6th. get ready for this to come down to the wire, something that congress has done often times, the best at procrastinating, aren't they? and that's a big worry b
the payroll tax holiday, that would expire, the health reform taxes, those would kick in. guess what? it would all mean less money in our wallets. carol? >> wow. well, you have to think that when congress looks at those numbers, lawmakers would get together and sing for the good of the american taxpayer. >> well, you know what? they're certainly not doing it before election day, don't count on that, but there is good news. that cnn money asked 17 economists, what do you think? do...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... w could we ever trust him here? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all i
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... w could we ever trust him here? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your...
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because, frankly, my discussion about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> but last night, romney had a complete about face. now he is denouncing that remark all together. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessns, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely believe, however, that my life has shown that i care about 100%. and that's been demonstrated throughout my life. and this whole campaign is about the 100%. when i become president, it will be about helping the 100%. >> cnn political editor paul steinhauser joins me now in washington. romney chose to clarify his remark on fox. no accident there perhaps. >> he was doing an interview there last night with his running mate, paul ryan. i think what you heard last night was the answer mitt romney would have given in the presidential debate wednesday night if he had been asked by president obama
because, frankly, my discussion about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> but last night, romney had a complete about face. now he is denouncing that remark all together. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessns, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely...
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plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help -- >> i'm sorry. is he going to be more specific on what type of loopholes he is talking about, exemptions, to offset these tax cuts that he is proposed to grow the economy. is he going to provide more specifics? >>. >> when president romney works on the economy and health care issues, he will do it in an open and transparent way. they've already said they want to have congress and everybody involved and when governor romney was governor in massachusetts, he worked with an 85% legislator -- legislature and was able to cut taxes over a dozen times while he was cutting spending, but did he it collaboratively, o
plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help --...
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lucky enough to have them, my view is if you're making $200,000 a year and less, you should pay no tax whatsoever on interest, dividends or capital gains. -- in this country associated with agricultural exports. over the last four years, the president has signed no new trade agreements with any nation around the world. even as china and european nations have put together some 44 different agreements, he's done none. what i'm going to do is make sure that i devote my time to getting trade promotion authority, that i use that authority to negotiate new deals so we open up new markets for american farms an american goods because we can compete on a level playing field with anyone in the world. now there are differences on regulations by the way. and you know this. the regulatory burden under this administration has gone crazy. the president's regulations as it relates to farming are kind of interesting. one is the epa tried to get into -- well, the government tried to get into regulating rainwater in ditches on farms. it used to be that there was rainwater in iowa and people cared about t
lucky enough to have them, my view is if you're making $200,000 a year and less, you should pay no tax whatsoever on interest, dividends or capital gains. -- in this country associated with agricultural exports. over the last four years, the president has signed no new trade agreements with any nation around the world. even as china and european nations have put together some 44 different agreements, he's done none. what i'm going to do is make sure that i devote my time to getting trade...